8 days ago • Posted by William Ramstein

Most equity indices are declining and oil prices fall sharply by over 7%

The S&P 500 energy sector is down by 3.6% meaning since Monday, that it has fallen 10%. Other cyclical sectors have also performed poorly, as the drop in yields weighs on financials and growth concerns weigh on materials and industrials. Markets seem to be taking their queue from Covid fears, with the Variant causing surges in the UK despite vaccines which implies other countries could soon face similar problems. Source: Macro Markets Daily